Question
In what scenario would the founder be liable to the investors?
Answers: 1 public & 0 private
In my experience the founder is either shot from a cannon or launched by a catapult into a large pile of manure. Except for shame, if the person has any soul at all, nothing happens to the founder. They'll probably have to wait a while before going to the well again, but there shouldn't be any personal liability unless the funding was in the form of a personal loan.
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